Quote from: saddambitcoin on May 23, 2014, 02:51:23 PM

Quote from: bitkilo on May 21, 2014, 06:17:39 AM

First of all I'm no computer wizz so maybe its something I'm doing wrong but I always read articles that say it only costs a tiny percentage to send bitcoins, today I sent $0.05 from my blockchain wallet to a different wallet I have just as a test and it cost me $0.11 in fees, WTF, and I thought banks were ripping me off.

read up on http://bitcoinfees.com/

the default transaction fee is 0.0001 BTC (0.1 mBTC) so that's about 5 cents. if there are a lot of small inputs from many addresses, the size of the transaction will be larger, thus requiring a higher fee than usual.

yes this is a problem with bitcoin, it becomes difficult to send microtransactions.

The min fee to relay (there is no such thing as default fee) is 0.01 mBTC in v0.9 (that is 0.5 cents) for LOW PRIORITY TXS. The min fee to relay high priority txs is zero. The size of the transaction is what matters. The OP most likely has a bunch of worthless dust spam he got from "free bitcoin" sites.